1978-91...-
HRA RESOLUTION NO. 91
f
0
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY AND IMMOVABLE FIXTURES
400 WEST 66TH STREET
100
WHEREAS, .the Housing and Redevelopment Authority of Richfield
(HRA) proposed to purchase certain real property and immovable fix-
tures as identified by the fixture appraiser, pursuant to and in
furtherance of the Lyndale/Hub/Nicollet Redevelopment Project, here-
tofore adopted by the City of Richfield (the "City") and the HRA,
said real property being described as Lot 8, Block 4, J. N. Hauser's
Second Addition, Hennepin County, Minnesota, 400 West`66th Street,
medical offices; and
~.
WHEREAS, the Housing and Redevelopment Authority has caused
appraisals of subject property to be made and has carefully consid-
ered .such appraisals; and
WHEREAS, the Housing and Redevelopment Authority is authorized
by Minnesota Statutes, Section 462.445 to purchase real property
and immovable fixtures; and
WHEREAS, the Housing and Redevelopment Authority has instructed
the Executive Director and the HRA's Attorney to commence negotiat-
ions for the purchase of the real property described above and for
immovable fixtures; and
WHEREAS, the negotiations for the real property and immovable
fixtures described in the above agreement have resulted in the exe-
cution of a purchase agreement by the owners;
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority that the Executive Director is authorized to execute the
purchase agreement and to purchase the above-described property for
$89,569.00.
Passed this 8th day of
ing and Redevelopment Aut
_, 1978 by the Hous-
nnesota.
ATTEST:
Q%J/
Ivan Lud man, ecretary